1,285
1.3K
Dec 10, 2012
12/12
by
FBC
tv
eye 1,285
favorite 0
quote 0
there is this mythology in washington and some of your guys in wall street it is bad for the economy. we keep focusing on the tax side of the equation but don't forget we have a spending site and the republicans a lot more say we don't like that option very much, this is the only way to get spending cuts. $110 billion spending cuts that happen automatically if you don't reach a deal. lori: if we don't rein in spending by meaningful amount will get another debt downgrade to the sovereign debt and it could be all over, interest rates shoot up and you have real problems. >> especially if you look in the future, even on the low interest rates expected within eight years we will spend more in interest payments then national defense, social security and that they care. if the rates go up, you're talking about billions of dollars of additional expenditures. any progress and talk about the last few weeks. lori: thank you. and i will book you for new year's eve. melissa: breaking news, google gmail service having intermittent outages. it is investigating the issue. gmail has 425 million gmail
there is this mythology in washington and some of your guys in wall street it is bad for the economy. we keep focusing on the tax side of the equation but don't forget we have a spending site and the republicans a lot more say we don't like that option very much, this is the only way to get spending cuts. $110 billion spending cuts that happen automatically if you don't reach a deal. lori: if we don't rein in spending by meaningful amount will get another debt downgrade to the sovereign debt...
117
117
tv
eye 117
favorite 0
quote 0
gridlock still the word in washington. tracy: sticking to the party lines, both sides blaming the other, as a fall off the cliff looms. dennis: joined by tea party republican dianne black, and asking her about a new survey finding americans trust car salesmen more than congress. tracy: shouldn't be a surprise to anybody. we have a retail analyst who likes jc penny. has he been to the mall lately? is he the only person in america who does? dennis: third time for heff? he's getting hitched to a 26-year-old lass. tracy: at least she has her driver's license. at the top of the hour, stocks now. lauren's on the floor of the new york stock exchange. hey, lauren. >> you missed my face after that last story. i was like, ew, and that's how the markets are today; right? look at the dow, down nine points, nays -- nasdaq up six, and s&p hanging on by a point. markets took a turn after the manufacturing number for november, weakest number since july 2009. trying to recover since then. value shares well, up 6% right now. capital managem
gridlock still the word in washington. tracy: sticking to the party lines, both sides blaming the other, as a fall off the cliff looms. dennis: joined by tea party republican dianne black, and asking her about a new survey finding americans trust car salesmen more than congress. tracy: shouldn't be a surprise to anybody. we have a retail analyst who likes jc penny. has he been to the mall lately? is he the only person in america who does? dennis: third time for heff? he's getting hitched to a...
121
121
Dec 27, 2012
12/12
by
FBC
tv
eye 121
favorite 0
quote 0
washington is frozen. not just the nonexistent this coal talks but is leaving the washington d.c. the leadership in the lurch. and why could going up over the cliff the bullish? check out the winners and losers overall. ♪ >> we will get the market check with the deep sell-off with the nicole petallides at the new york stock exchange replica of the market's stuff is selling it is of classics flight to quality. >> absolutely with this a pate then gold is a good example when people don't know where to go. also the u.s. dollar. looking at the dow of 30 components are in the red. financial, a drug, oil, materials, , etc.. of lots of downed air rose below 13,000. you're waiting to hear from harry reid now we will not he is alluding to the fact we will go over the fiscal clef it is not reassuring that is why we see the vix index popping today with four .6% moved to the upside which is significant in brings us of the of the 20 level line we are seeing a market that is tepid and a nervous. >> el let's continue that discussion on the market. with the fourth straight loss we have the chief
washington is frozen. not just the nonexistent this coal talks but is leaving the washington d.c. the leadership in the lurch. and why could going up over the cliff the bullish? check out the winners and losers overall. ♪ >> we will get the market check with the deep sell-off with the nicole petallides at the new york stock exchange replica of the market's stuff is selling it is of classics flight to quality. >> absolutely with this a pate then gold is a good example when people...
93
93
Dec 27, 2012
12/12
by
FBC
tv
eye 93
favorite 0
quote 0
president obama back in washington d.c. spoke to all the congressional leaders, top democrats and republicans in the house and senate, no update, or signs of real progress, senior administration official says this one is up to congress to figure out. house republicans say we need the senate to act, senators say we need republicans to act. terry reed hit the floor a short while ago and said it looks like we are headed over the fiscal plan and called on the house to set -- pass the senate plan. >> i see the speaker painting the escape hatch, put the economic base in your own state as speaker of the house. million of middle-class families are nervously watching, waiting and counting down the moment until our taxes go up. >> that escape hatch would keep taxes where they are for families earning less than $250,000 a year and increase for those earning more. a response from house speaker john boehner's office, spokesperson saying harry reid should talk less and legislate more. the house has passed legislation to avoid the entire
president obama back in washington d.c. spoke to all the congressional leaders, top democrats and republicans in the house and senate, no update, or signs of real progress, senior administration official says this one is up to congress to figure out. house republicans say we need the senate to act, senators say we need republicans to act. terry reed hit the floor a short while ago and said it looks like we are headed over the fiscal plan and called on the house to set -- pass the senate plan....
142
142
Dec 28, 2012
12/12
by
FBC
tv
eye 142
favorite 0
quote 0
this is from the federal mediator in washington. "it has been agreed upon in principle of the parties." the parties have further agreed to negotiate all remaining issues. freezing every container at those ports. within those containers are electronics, auto parts, close, textiles, just about every consumer product you could think of. boston of northeast all the way down to the gulf of mexico and houston texans. billions and billions of dollars worth of goods. >> it is not just the local area. it is the entire region and the state and going nationally, as well. if we had gone over the fiscal cliff, the strike would also happened over the weekend and it would be a one, two economic punch. david: it took six months for the recovery after the last one. let's talk about hp. they are taking quite a bit of a hit in the market today. the pc and printer company has other headaches to deal with. giovanni josie has the stories. shibani: this is just a matter of time. the company revealing in a legal filing late yesterday that the department of
this is from the federal mediator in washington. "it has been agreed upon in principle of the parties." the parties have further agreed to negotiate all remaining issues. freezing every container at those ports. within those containers are electronics, auto parts, close, textiles, just about every consumer product you could think of. boston of northeast all the way down to the gulf of mexico and houston texans. billions and billions of dollars worth of goods. >> it is not just...
587
587
Dec 24, 2012
12/12
by
FBC
tv
eye 587
favorite 0
quote 0
but still concerns now from washington about washington, about the fiscal cliff, traders of course don't think anything is getting settled today. they are even talking about the fact that it might get pushed back to the middle of january or something. a lot of speculation and guessing going on, but in the meantime, a little bit of pullback here. let's take a look at facebook. facebook on the other hand a different story. getting a buy rating over at needham and companies, up 2 1/2%. the price target is $33, up from $25. getting close to the $38 ipo price. they obviously have high hopes for the mobile realm for facebook and that's why they raised their targets and has a buy rating. back to you. dagen: thank you, nicole. dennis: where are the shoppers? after a strong start, forecast called for robust holiday season. dagen: but shoppers are not living up to those expectations. adam shapiro is here to explain what the heck is going on. adam: where they go. dagen: it's empty. adam: you should be done with your shopping by now. the national retail federation has not changed their prediction, t
but still concerns now from washington about washington, about the fiscal cliff, traders of course don't think anything is getting settled today. they are even talking about the fact that it might get pushed back to the middle of january or something. a lot of speculation and guessing going on, but in the meantime, a little bit of pullback here. let's take a look at facebook. facebook on the other hand a different story. getting a buy rating over at needham and companies, up 2 1/2%. the price...
80
80
Dec 28, 2012
12/12
by
FBC
tv
eye 80
favorite 0
quote 0
dennis: what is wrong with washington? did you ever got the fiscal cliff talk would come down to the last minute? gridlocks washington leaders are there again. shibani: where do we begin? >> tracy to kids, come in, kids. shibani: remember the two way wrist watch radio? neither do i. new reports say apple is about to talk and we are not even joking on this one. dennis: i do remember it. a 1-2 punch digging out from a major snow storm. the big cities of the east coast bracing for another. shibani: top of the hour every 15 minutes, we have lauren simonetti on the floor of the stock exchange. how are things looking? >> could be a lot worse but stocks are selling off for the fifth day in a row. the dow is down 67 points and the nasdaq down 9 and the s&p down 7. we were much lower earlier in the session. the vix index is spiking and volume to the downside today. is the second to last trading day of the year so this december rally, in jeopardy for the dow and the s and p and the nasdaq gave up the december gains but the financial
dennis: what is wrong with washington? did you ever got the fiscal cliff talk would come down to the last minute? gridlocks washington leaders are there again. shibani: where do we begin? >> tracy to kids, come in, kids. shibani: remember the two way wrist watch radio? neither do i. new reports say apple is about to talk and we are not even joking on this one. dennis: i do remember it. a 1-2 punch digging out from a major snow storm. the big cities of the east coast bracing for another....
168
168
Dec 31, 2012
12/12
by
FBC
tv
eye 168
favorite 0
quote 0
all eyes must be on washington. are investors more encouraged we will get some kind of a deal, however you want to characterize it by midnight tonight? >> hi, lori, hi, ashley. doesn't seem like it if you look at market numbers. they're hiring when we started this morning but they're actually lower before the president started speaking today. the dow is up 45 points. nasdaq is up about 32, and s&p is up about nine. not a huge amount of optimism. still across the board green. we're keeping an eye on duff and phelps. this is a private equity firm, struck a deal to buy that company for $365 million that is 19% premium from the closing price on friday. duff is up almost 20% on the day. year-to-date up 8%. not a bad way to close out the year for duff and fellsps. back to you. lori: thank you. there is little optimism. the fact we heard from the president who seemed to helicopter in as liz macdonald was suggesting to me in the greenroom here and that we are seeing some numbers. looks like the tax cut threshold, 400 for in
all eyes must be on washington. are investors more encouraged we will get some kind of a deal, however you want to characterize it by midnight tonight? >> hi, lori, hi, ashley. doesn't seem like it if you look at market numbers. they're hiring when we started this morning but they're actually lower before the president started speaking today. the dow is up 45 points. nasdaq is up about 32, and s&p is up about nine. not a huge amount of optimism. still across the board green. we're...
116
116
Dec 13, 2012
12/12
by
FBC
tv
eye 116
favorite 0
quote 0
we will go back to washington for the speaker of the house. he is a few minutes late, which is interesting. a lot of pressure here in terms of where is the leverage. his question, where is the spending. we will say about his language and how he does it. we are also going to talk about serious. a very big story today. blue shield of california is getting ready to fix some policyholders with a rate increase. lots more still to come on fox business. ♪ connell: breaking news out of washington. here is the speaker of the house, john boehner. >> to avert the fiscal cliff with a bipartisan agreement. that is truly solid and begins to solve our spending problem. the president still has not made an offer that meets those two standards. republicans have. the president promising american people a balanced approach, his proposals have been anything but. instead of beginning to solve our debt problem, he wants new stimulus spending and the ability to raise the debt limit whenever he wants without any cuts or reforms. that is clear that the president is n
we will go back to washington for the speaker of the house. he is a few minutes late, which is interesting. a lot of pressure here in terms of where is the leverage. his question, where is the spending. we will say about his language and how he does it. we are also going to talk about serious. a very big story today. blue shield of california is getting ready to fix some policyholders with a rate increase. lots more still to come on fox business. ♪ connell: breaking news out of washington....
1,069
1.1K
Dec 18, 2012
12/12
by
FBC
tv
eye 1,069
favorite 0
quote 0
ashley: budget talks in washington dominating headlines. our investors overlooking the bigger global threat than the fiscal cliff? joining us doug cote, chief market strategist withing investment management. always spending too much time worrying about the fiscal cliff and what worrres you on the global scale? >> fundamental you shouldn't focus too much on politicians anyway, what we are looking at is paying attention to the fundamentals of corporate earnings, what matters to companies and what we have seen is this is the first quarter in twelve consecutive quarters that year over year earnings growth is negative. that means something is happening in the global economy, either in the emerging markets or europe or japan and what we are seeing is that is a signal for economic slowdown, that matters to the market. what we are advocating is ride out this christmas rally going into the new year and turn back equities a little bit. we are not going to over do it. we are going to good defensive because of a lot head wind going forward. ashley: we
ashley: budget talks in washington dominating headlines. our investors overlooking the bigger global threat than the fiscal cliff? joining us doug cote, chief market strategist withing investment management. always spending too much time worrying about the fiscal cliff and what worrres you on the global scale? >> fundamental you shouldn't focus too much on politicians anyway, what we are looking at is paying attention to the fundamentals of corporate earnings, what matters to companies...
92
92
Dec 26, 2012
12/12
by
FBC
tv
eye 92
favorite 0
quote 0
washington d.c. $119, you may have to be flexible tuesday, wednesday, saturday, seven days a week, out of new york and boston and places like that under $200 and january and february, anywhere from 10 degrees warmer in fort lauderdale and miami that orlando and tampa. florida is a good place. my son lives in orlando. look what i look like and i am freezing. that is a good one. if you are looking for a guarantee, 82 degree weather place, maybe you want to look at san juan, pr. we are seeing some dirt cheap air fares. if you live in florida and want to get away from the snowbirds go from orlando, tampa or for lauderdale to san juan for $189. if you live in new york or boston you will find the mid 200s. even hawaii, you will lose all your crew today because in january, newark to honolulu, by the time you get there, it will be all gone but $419. >> you are going to lose a great deal. we have a little time. i want to get quickly, first class domestic fares, you can get a good deal and fly up front. quickl
washington d.c. $119, you may have to be flexible tuesday, wednesday, saturday, seven days a week, out of new york and boston and places like that under $200 and january and february, anywhere from 10 degrees warmer in fort lauderdale and miami that orlando and tampa. florida is a good place. my son lives in orlando. look what i look like and i am freezing. that is a good one. if you are looking for a guarantee, 82 degree weather place, maybe you want to look at san juan, pr. we are seeing some...
1,081
1.1K
Dec 21, 2012
12/12
by
FBC
tv
eye 1,081
favorite 0
quote 0
there is so many worries about washington. the truth is you are seeing selling across the board and the financials continue to be under significant pressure. that to you. melissa: the nra is speaking out today. violent video games and movies share blame for such a tragedy and calling for armed police and such schools. >> they are already in some schools and school systems. we decided to figure out what would this cost. fox business has determined if he were to put an armed police officer in every private or public school, it would be roughly $5 billion to taxpayers assuming the security guard is making an average of $34,000. wayne from it nra had the press conference where he called uuon all kinds of issues, but made it very clear and simple. >> the only way to stop a monster from killing our kids is to be personally involved and invested in a plan of absolute protection. the only thing that stops a bad guy with a gun is a good guy with a gun. >> he also went on to talk about the need for hollywood to accept some responsibilit
there is so many worries about washington. the truth is you are seeing selling across the board and the financials continue to be under significant pressure. that to you. melissa: the nra is speaking out today. violent video games and movies share blame for such a tragedy and calling for armed police and such schools. >> they are already in some schools and school systems. we decided to figure out what would this cost. fox business has determined if he were to put an armed police officer...
85
85
Dec 19, 2012
12/12
by
FBC
tv
eye 85
favorite 0
quote 0
connell: attorney general eric holder out of washington today. it is a big announcement agai bd $1.5 billion in fines and penalties agreed upon. libor rates overseas and to individuals charged in connection with this as well. more on this throughout the day. we just wanted to bring you some of those little comment from the attorney general. we now will bring in bob doll. bob is the chief acuity strategists. bob, it is always good to see you. you sound like you are fairly optimistic about the stock market. explain to us why? >> i think the asset choice by default almost that your cash is zero and if the view of the world is okay and it will grow a little bit and that financial problems -- a little bit of earnings growth, maybe a little bit of multiple improvement. connell: where is the economic growth going to come from? there will be some drug on the economy from the cuts and spending, you would think. it is just a matter of how much. >> our guess is that fiscal cliff and nothing done is a- four to gdp. they will end up doing something that will
connell: attorney general eric holder out of washington today. it is a big announcement agai bd $1.5 billion in fines and penalties agreed upon. libor rates overseas and to individuals charged in connection with this as well. more on this throughout the day. we just wanted to bring you some of those little comment from the attorney general. we now will bring in bob doll. bob is the chief acuity strategists. bob, it is always good to see you. you sound like you are fairly optimistic about the...
87
87
Dec 12, 2012
12/12
by
FBC
tv
eye 87
favorite 0
quote 0
when anyone in washington d.c. at the fed or the white house or in congress or the senate thinks he or she knows best we already have of problem because this is supposed to be a government of consensus and direction that is empirically based, operating for two goals, the national interest and the common good. melissa: i thought the role of the fed was to keep money sound, to keep the monetary system roll along. lou: so modern, so forward looking. there is something nostalgic in what you say because we have moved well beyond that. this fed right now is in charge of our fiscal future. melissa: these things as our guests have expressed that the economy needs to have the fed do what has been doing to going? lou: ben bernanke has been the essential actor of the last four years because we have had such inadequate leadership from the white house, such inadequate imagination and public policy direction, principal or otherwise partisan or otherwise creative or otherwise, that without him not much would have happened and tha
when anyone in washington d.c. at the fed or the white house or in congress or the senate thinks he or she knows best we already have of problem because this is supposed to be a government of consensus and direction that is empirically based, operating for two goals, the national interest and the common good. melissa: i thought the role of the fed was to keep money sound, to keep the monetary system roll along. lou: so modern, so forward looking. there is something nostalgic in what you say...
58
58
Dec 21, 2012
12/12
by
FBC
tv
eye 58
favorite 0
quote 0
good luck in washington. cheryl: all right, markets now obviously watching these markets they are down 166 on washington's fiscal cliff stalemate but charles payne, that is not charles payne. charles payne is going to be here. he says don't panic. dennis: a lot of worries today. a white christmas not making it easy for millions of travelers as airport delays pile up. we are live at chicago's o'hare. so glad i am not traveling this christmas. cheryl: as we do every day this time we look at the metal, gold, silver and copper moving hire. dennis: time to make money with charles payne. he is telling investors to follow the advice in the hitchhiker's guide to the galaxy, don't panic. charles: as rod stewart would say. we have a couple things we are thinking about. two things, remember the debt ceiling debacle but also remember t.a.r.p.. think about this. with t.a.r.p. we collapsed from 10,000 to 600 on the dow. we had a temporary pullback with respect to the debt ceiling. if you monthly traded sideways after falli
good luck in washington. cheryl: all right, markets now obviously watching these markets they are down 166 on washington's fiscal cliff stalemate but charles payne, that is not charles payne. charles payne is going to be here. he says don't panic. dennis: a lot of worries today. a white christmas not making it easy for millions of travelers as airport delays pile up. we are live at chicago's o'hare. so glad i am not traveling this christmas. cheryl: as we do every day this time we look at the...
121
121
Dec 31, 2012
12/12
by
FBC
tv
eye 121
favorite 0
quote 0
we'll have the latest from washington. and the traditional drink of the new year. there is some money to be made here. as you can see, core bell. its annual visit. as we go to break, take a look at some of the day's winners over on the s&p. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong ko. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd#: 1-800-345-2550 based on things like fundamentals, momentum and risk. tdd#: 1-800-345-2550 and i also have access to independent tdd#: 1-800-345-2550 fi
we'll have the latest from washington. and the traditional drink of the new year. there is some money to be made here. as you can see, core bell. its annual visit. as we go to break, take a look at some of the day's winners over on the s&p. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong ko. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab,...
136
136
Dec 18, 2012
12/12
by
FBC
tv
eye 136
favorite 0
quote 0
it is coming out of washington, d.c. the speaker of the house had a plan b, in terms of the fiscal cliff deal. the white house came out and said they reject plan b. dagen: again, one of the major differences, $400,000 cut off for a tax increase versus $1 million which is what the house speaker had presented to the white house. it seems as if taxes, for at least some people, will go up. connell: now we have this story that we have been meaning to talk about. users of instagram, the company is claiming ownership of the photos. shibani: a bout of people are reaching the conclusion of not posting photos at all. it is so important to read that fine print. the photo sharing site instagram posting on its company blog, if you do not read the coopany blog, you will not find this out. the company is changing its privacy statement so i can make money off of the pictures whether you like it or not. you agree that a business or other entity may pay us, basically anything that you put up there along with any associated metadata or act
it is coming out of washington, d.c. the speaker of the house had a plan b, in terms of the fiscal cliff deal. the white house came out and said they reject plan b. dagen: again, one of the major differences, $400,000 cut off for a tax increase versus $1 million which is what the house speaker had presented to the white house. it seems as if taxes, for at least some people, will go up. connell: now we have this story that we have been meaning to talk about. users of instagram, the company is...
80
80
Dec 11, 2012
12/12
by
FBC
tv
eye 80
favorite 0
quote 0
there's more news coming out of washington. the federal reserve will announce tomorrow what moves if any it will take when the meeting ends. our next guest is: the open-ended stimulus qe-ternity. many think the fed should do anything. they believe they should stay pat and not say anything until it is after the first of the year. use a qe-ternity is the better way to go. >> that is right. i think the fed has to probably do something to changed operation twists and turns of buying mortgage-backed securities and it is likely they will announce they will continue to have the asset purchase sides but cancels hillsides increasing amount of content using for months by $400 million. to move the gdp rate u right upo where it is centered and 4.5%, closer to 5%. cheryl: i want to be clear on what you think qe-ternity is. you say they will continue to buy mortgage-backed securities, $40 billion per month, but the extension of operation twists would be buying long-term treasuries and continue to buy treasuries both long-term and get out of
there's more news coming out of washington. the federal reserve will announce tomorrow what moves if any it will take when the meeting ends. our next guest is: the open-ended stimulus qe-ternity. many think the fed should do anything. they believe they should stay pat and not say anything until it is after the first of the year. use a qe-ternity is the better way to go. >> that is right. i think the fed has to probably do something to changed operation twists and turns of buying...
176
176
tv
eye 176
favorite 0
quote 0
connell: peter barnes in washington. we will take this right into our next guest. alex sharpton is with us. it is good to have you. the significance you think of an fha bailout, if it comes to that. >> i do not think it will be ruled out. we probably will have some type of popping off of the fha. if you look at where we stand right now, as an economy, we have a very modest recovery. it is most likely going to happen. connell: the significance of it is, in your mind, what? >> what needs to happen is we need to take note that we are subsidizing the fha again. while the fha is great for lower income borrowers, we are still allowing people to buy properties where they want after they post on the property, they are upside down on our property. that is where we need to be cautious. connell: we talk about it all the time, the housing numbers that are showing improvement. if people are only putting down, you know, the 3.5%, are we getting ourselves into a similar hole to the ones we are trying to dig ourseeves out of? >> unfortunately, we may have. the loans that the fha h
connell: peter barnes in washington. we will take this right into our next guest. alex sharpton is with us. it is good to have you. the significance you think of an fha bailout, if it comes to that. >> i do not think it will be ruled out. we probably will have some type of popping off of the fha. if you look at where we stand right now, as an economy, we have a very modest recovery. it is most likely going to happen. connell: the significance of it is, in your mind, what? >> what...
174
174
Dec 26, 2012
12/12
by
FBC
tv
eye 174
favorite 0
quote 1
come back to washington, first and foremost. dennis: a musical about some guy singing about his real feelings. lori: we are looking at the markets. tracy: i would like to see that, but i have not. lori: i have only seen it on broadway. stalks off to a tough start. early numbers point to a tough season. tracy: a nice and shiny fiscal cliff. president obama cut his vacation short. we are tracking where it is headed next. we are expecting negotiations to continue tomorrow. there is talk now that that may not happen. time to head down to the new york stock exchange with nicole petallides. nicole: merry christmas to everybody. the vix, the fear index, has been to the upside. whether or not washington will solve the worries about the so-called fiscal cliff approaching quickly. here is a look at the dow. 13,100 even. most of the dow components are under pressure. hewlett-packard doing well and bank of america in the financial round. it really is being laid upon by the retailers. i no adam shapiro will add on to that. there is a look at
come back to washington, first and foremost. dennis: a musical about some guy singing about his real feelings. lori: we are looking at the markets. tracy: i would like to see that, but i have not. lori: i have only seen it on broadway. stalks off to a tough start. early numbers point to a tough season. tracy: a nice and shiny fiscal cliff. president obama cut his vacation short. we are tracking where it is headed next. we are expecting negotiations to continue tomorrow. there is talk now that...
130
130
tv
eye 130
favorite 0
quote 0
dennis: rich edson is in washington, d.c. rich: part of it is an spending cuts over the next decade. even with those cuts in place. they forecast federal spending to increase each year over the next decade. as for plans to contain spending, the white house has various cuts and fee increases on the table. house republicans are offering 4.1 million lower cuts and increases. even if these cuts failed to control the greatest deficit challenge, the spending on federal health care programs like medicare. >> the path has been clear for a decade now. every director comes to the same conclusion. you cannot roll your way out of it. you must change these programs. >> president obama is pushing billions in new spending to spur the economy. back to you. cheryl: rich, thank you very much. dennis: merry christmas and happy hanukkah. six major banks announcing they will halt -- wells fargo, bank of america, citigroup, they say they will suspend foreclosure activity until the new year healthy defaulting borrowers remain in their home for the
dennis: rich edson is in washington, d.c. rich: part of it is an spending cuts over the next decade. even with those cuts in place. they forecast federal spending to increase each year over the next decade. as for plans to contain spending, the white house has various cuts and fee increases on the table. house republicans are offering 4.1 million lower cuts and increases. even if these cuts failed to control the greatest deficit challenge, the spending on federal health care programs like...
92
92
tv
eye 92
favorite 0
quote 0
rich edson is in washington with more. >> perhaps folks in washington are thinking maybe these two sides will get down to actually doing sometime soon but they say that is noo happening right now. house speaker john boehner said he's willing to sit down and talk to the president. we asked the white house if they plan on calling the speaker of the house inviting him over for a phone call, the white house hasn't responded to that question. coming down to two objects. >> if all you're relying on his closing exceptions and loopholes. let me amend that. it is not wise to do as a practical matter. >> they will come from guess who. the rich. there are ways to limit the options, close the polls and have them pay more of their money to the federal government without raising tax rates. >> that seems to be the key to this entire fiscal cliff mess. president obama saying the roundtable was struck by ceo's willingness to pay higher taxes and patriotic duty and the president also talked about speculation they may want another death to inflate next year. he has to break that habit before it starts thou
rich edson is in washington with more. >> perhaps folks in washington are thinking maybe these two sides will get down to actually doing sometime soon but they say that is noo happening right now. house speaker john boehner said he's willing to sit down and talk to the president. we asked the white house if they plan on calling the speaker of the house inviting him over for a phone call, the white house hasn't responded to that question. coming down to two objects. >> if all you're...
177
177
tv
eye 177
favorite 0
quote 0
he joins us from washington, d.c. was the white house or the democrats surprised by the republican proposal? >> dagen, i do not think that they were surprised. they knew another proposal would be coming back. they probably guessed that it would not include tax rate increases. that is the dance that is going on here. two scorpions dancing around each other waiting to strike. you know bowles said last night at an interview, i think you said it best, both sides would get killed by their base if the true deal was out right now. they would just get killed. dagen: do they know what the true deal is? >> no. i do not think they know yet. i think they know the framework of the true deal. they almost got there. they know what each side needs to happen for their faith to be semi- happy. they know where the red line is that at least they have talked about. i think until you get in that room and hammer it out, you do not know the parameters of where exactly that will be. i do not think you will get to that room until we get closer
he joins us from washington, d.c. was the white house or the democrats surprised by the republican proposal? >> dagen, i do not think that they were surprised. they knew another proposal would be coming back. they probably guessed that it would not include tax rate increases. that is the dance that is going on here. two scorpions dancing around each other waiting to strike. you know bowles said last night at an interview, i think you said it best, both sides would get killed by their base...
81
81
Dec 20, 2012
12/12
by
FBC
tv
eye 81
favorite 0
quote 0
rich edson in washington. you want to stay with fox business for full coverage of the fiscal cliff showdown. neil cavuto will be all over at 8:00 eastern time. dennis: fiscal cliff phobia rising as the deadline approachedes, three possible scenarios womb. there is a long-term solution, compromise or going over the cliff and here with two different views on what is going to happen and who the winners and losers might be are the financial chief market strategist and ted parish of investments, let's start with you, you have the boldest prediction, you think there's a 55% chance we go over the cliff and yet you are not calling for any major change in your stock portfolio. why is that? >> i don't think there's any chance of getting a long-term solution given the frustration they're having with each side. compromise before the end of the year is lower than actually going over. i think we will go over the cliff but we will have time in the new year to actually come back and fix things in a hurry to ward off implicati
rich edson in washington. you want to stay with fox business for full coverage of the fiscal cliff showdown. neil cavuto will be all over at 8:00 eastern time. dennis: fiscal cliff phobia rising as the deadline approachedes, three possible scenarios womb. there is a long-term solution, compromise or going over the cliff and here with two different views on what is going to happen and who the winners and losers might be are the financial chief market strategist and ted parish of investments,...
182
182
Dec 17, 2012
12/12
by
FBC
tv
eye 182
favorite 0
quote 1
there are bits of optimism in washington. this is still something that has to be sold to house republicans. house republicans in the senate. the thought that something like that could easily get through congress, we have a long way to go. they are meeting at the white house right now. connell: there is the working framework on the screen. we are getting there. i think rich put it best. we have a ways to go. dagen: 1.4 trillion, 1 trillion from boehner, 1.4 for president. let's bring it to gather. if you are looking to track santa this year, you will have to search somewhere else. connell: one major city overhauling and going all in on electric. we will have that story. first, take a look at treasuries and the yield today. ♪ [ male announcer ] this is amy. amy likes to invest in the market. she also likes to ride her bike. she knows the potential for making or losing money can pop up anytime. that's why she trades with the leader in mobile trading. so she's always ready to take action, no matter how wily... or weird... or wo
there are bits of optimism in washington. this is still something that has to be sold to house republicans. house republicans in the senate. the thought that something like that could easily get through congress, we have a long way to go. they are meeting at the white house right now. connell: there is the working framework on the screen. we are getting there. i think rich put it best. we have a ways to go. dagen: 1.4 trillion, 1 trillion from boehner, 1.4 for president. let's bring it to...
990
990
tv
eye 990
favorite 0
quote 0
>> washington is going to be in our face all year. the implementation of obamacare, how it is clearly not very well-thought out in the legislation. at least half the states said they're not building their exchanges. that falls on health and human services to build it. they have only a billion dollars allocated for the implementation. doing it for 25 states, they would burn through that in a month, maybe six weeks at the most. so they're going to have to go back to congress and ask for money. house speaker boehner said that will be a debating point in the debt ceiling and in the fiscal cliff when it comes to that. ashley: certainly will. milton ms. rought at this, thanks for being with us for your perspective on the market when we see what happens in washington. thanks so much. >> thank you. tracy: he is oozing confidence in washington, isn't he? ashley: yes. dripping with sarcasm i think is more --. tracy: sham else about. i love that word. it's a shambles. there is so much more ahead this hour including a biotech ceo what is hurting
>> washington is going to be in our face all year. the implementation of obamacare, how it is clearly not very well-thought out in the legislation. at least half the states said they're not building their exchanges. that falls on health and human services to build it. they have only a billion dollars allocated for the implementation. doing it for 25 states, they would burn through that in a month, maybe six weeks at the most. so they're going to have to go back to congress and ask for...
970
970
Dec 17, 2012
12/12
by
FBC
tv
eye 970
favorite 0
quote 0
tax cut is fiction and washington. he cannot agree to a deal that is not acceptable to a majority of his majority. [talking over each other] melissa: part of it comes from raising taxes on those over $1 million. the other part comes from closing loopholes down the road. it all makes me think that we are not that close to a deal yet. >> all too often what you have is something with a lot of loose ends that never get tied up. i think john boehner, and bless his heart, he has the toughest job in town, he lives in a horizontal world as opposed to the vertical world that the president lives in. the president says i want something, well, everyone says, yes, sir. [talking over each other] melissa: where do you think the middle is right now? how much do you feel like john boehner really gave and what do you think the president would accept? where do you think the middle point is? >> it is a very difficult topic. truth on taxes, fiction on cuts. it is very hard to get there. a dollar for dollar increase in cuts for increases in
tax cut is fiction and washington. he cannot agree to a deal that is not acceptable to a majority of his majority. [talking over each other] melissa: part of it comes from raising taxes on those over $1 million. the other part comes from closing loopholes down the road. it all makes me think that we are not that close to a deal yet. >> all too often what you have is something with a lot of loose ends that never get tied up. i think john boehner, and bless his heart, he has the toughest...
1,101
1.1K
Dec 11, 2012
12/12
by
FBC
tv
eye 1,101
favorite 0
quote 0
if washington limits the tax deductions for state and local tax payments and if washington raises the eligibility age for medicare which will keep state retirees in the state retirement system even longer. tracy: you are right, it is all true. because on that report for nothing, we do not need a conference for you to do that. we love you. ashley: but they are going to pay you, peter, don't worry about it. should you be looking to invest elsewhere in the world? it has to be something better out there. the activist global advisor president and chief investment officer with a list of countries he says are worth adding on. thank you for being here. top three countries, which one should we be looking at is a great alternative to the u.s. >> we really like turkey, china and like austria quite a bit right now. ashley: why turkey? >> turkey has great fundamentals. they have great momentum. it is a little bit more risky than the average country, valuations are average but from those two perspectives, it looks fantastic. ashley: we've talked about china forever. it hasn't been so hot recently,
if washington limits the tax deductions for state and local tax payments and if washington raises the eligibility age for medicare which will keep state retirees in the state retirement system even longer. tracy: you are right, it is all true. because on that report for nothing, we do not need a conference for you to do that. we love you. ashley: but they are going to pay you, peter, don't worry about it. should you be looking to invest elsewhere in the world? it has to be something better out...
159
159
Dec 14, 2012
12/12
by
FBC
tv
eye 159
favorite 0
quote 0
steve forbes joining us with his warning for washington and why he fears a recession imi
steve forbes joining us with his warning for washington and why he fears a recession imi
211
211
tv
eye 211
favorite 0
quote 0
, economic report from washington. the dow jones industrial average up 17 points right now. we wait for that all important jobs report. the fiscal cliff as we await for the bipartisan agreement of some sort, right? so these are the things that are really on the table on wall street on december which is traditionally a good month here on wall street. as i took a look at the up volume versus the down volume they are virtually the same, just a moment ago it changed but 165 million to the upside, 149 lower. so about half the names on the dow are winners. let's take a look at earnings losers. when you look at darden, you talk about olive garden and red lobster, they saw sales pulling back despite promotions. they will have to change the way they do things, saying the quarter was disappointing. pep boys noting the same thing. they're not seeing great sales and numbers. as a result we're seeing both of these names down arrows and down double-digit in percentage terms. ashley, tracy, back to you. tracy: nicole petallides, i ha
, economic report from washington. the dow jones industrial average up 17 points right now. we wait for that all important jobs report. the fiscal cliff as we await for the bipartisan agreement of some sort, right? so these are the things that are really on the table on wall street on december which is traditionally a good month here on wall street. as i took a look at the up volume versus the down volume they are virtually the same, just a moment ago it changed but 165 million to the upside,...
130
130
tv
eye 130
favorite 0
quote 0
hopefully washington will not screw this up. if you look at these solid companies that are out there right now, those are the ones that you buy. adam: thank you very much. have a great day. melissa: we will show you whatt3 the 401(k) for ibm means for the company. adam: shifting to a right to work state. michigan's organized labor. take a look at how the dollar is faring today. ♪ >> @23 past the hour, i have your fox news minute. reuters reporting protesters have broken through military barricades in cairo egypt. president morsi spoke to the nation calling for a national dialogue. he refused to bed. japanese authorities telling the united nations no problems have been detected that nuclear plants near the epicenter of that 7.3 magnitude earthquake that walked the country today. a 1 meter tsunami in the area near honshu. there is no threat of a wide spread tsunami. the nurse has taken her own life that got caught -- the dj posed as queen elizabeth and king charles. those are your headlines. back now to adam and melissa. melissa
hopefully washington will not screw this up. if you look at these solid companies that are out there right now, those are the ones that you buy. adam: thank you very much. have a great day. melissa: we will show you whatt3 the 401(k) for ibm means for the company. adam: shifting to a right to work state. michigan's organized labor. take a look at how the dollar is faring today. ♪ >> @23 past the hour, i have your fox news minute. reuters reporting protesters have broken through military...
95
95
Dec 19, 2012
12/12
by
FBC
tv
eye 95
favorite 0
quote 0
there are a couple different route second happen in washington. we are nearing a end game. we are sold on avoiding the fiscal cliff, there's still a chance, a very real one that we could go over it but we're getting to the point where the final end game is becoming apparent and right now everything is focused on the plan that the house will be voting on tomorrow which we should you on screen. john boehner says that could pass the house, the senate says as constructed, senate democrats, it will not pass the senate and white house is threatening to veto it if it ever got to the white house which it probably won't. may be some changes to that. it will be of to the senate after tomorrow's folks if the house contests that. ashley: how damaging would be tomorrow if the house does not getting of votes to pass this? there are republicans out there who are adamant, no tax hikes that all regardless how much money you're making. if that happens john boehner is in a difficult position, isn't he? rich: if that plan, the smaller plan which allows tax rates to stay the same for those earn
there are a couple different route second happen in washington. we are nearing a end game. we are sold on avoiding the fiscal cliff, there's still a chance, a very real one that we could go over it but we're getting to the point where the final end game is becoming apparent and right now everything is focused on the plan that the house will be voting on tomorrow which we should you on screen. john boehner says that could pass the house, the senate says as constructed, senate democrats, it will...
1,033
1.0K
tv
eye 1,033
favorite 0
quote 0
peter barnes in washington with the latest on that effort. speaker according to "the new york times" for white house will be looking for about $50 billion to help rebuild from hurricane sandy. officials testifying declined to comment that number but they did say the white house will be sending in disaster relief bill up to congress by the end of the week. the three hardest hit states: new york, new jersey and connecticut alone are seeking $80 billion in federal help. the administration is teeing up a big request. >> much of the impact of sandy go beyond fema programs. fema's assistance is limited, maximum benefits of individual family could receive is about $31,000 if they have no assurance. others that will not rebuild destroyed or damaged home to did not have insurance. >> woke up to this headline. u.s. denies aid to the maryland storm victims. this is the picture of the face of maryland going through the storm. i will not show you the pictures of the lower shore this morning. >> a disaster bill coming up in the middle of this battle over t
peter barnes in washington with the latest on that effort. speaker according to "the new york times" for white house will be looking for about $50 billion to help rebuild from hurricane sandy. officials testifying declined to comment that number but they did say the white house will be sending in disaster relief bill up to congress by the end of the week. the three hardest hit states: new york, new jersey and connecticut alone are seeking $80 billion in federal help. the...
155
155
Dec 13, 2012
12/12
by
FBC
tv
eye 155
favorite 0
quote 0
never do anything in a few pages in washington. so you would have to unwind it but the concern is, and this is all growing like a labor negotiation. it doesn't start until about 11:55 p.m. at the midnight deadline. if boehner says he is going to a new year's eve party in ohio i would worry. if going home for the weekend that's fine. he has a couple weeks, all right? same thing goes for the president obviously. but, also like a labor negotiation, when the strike starts everybody goes off and spends three days screaming at each other. tracy: sure. >> probably given washington three weeks or three months. ashley: worst-case scenario we go over the cliff and no agreement is reached but how damaging could be a split the difference kind of deal that is done really kind of cobbled together, kicking it down the road a little bit? does that really help us at all? >> i think if you get some kind of a deal, some progress, you don't get the kind of massive tax increases that are in line now. ashley: yep. >> you don't get the kind of massive sp
never do anything in a few pages in washington. so you would have to unwind it but the concern is, and this is all growing like a labor negotiation. it doesn't start until about 11:55 p.m. at the midnight deadline. if boehner says he is going to a new year's eve party in ohio i would worry. if going home for the weekend that's fine. he has a couple weeks, all right? same thing goes for the president obviously. but, also like a labor negotiation, when the strike starts everybody goes off and...
1,137
1.1K
tv
eye 1,137
favorite 0
quote 0
>> washington. washington's south; right? >> of here. >> wall street's south of here too. >> but down, down there. the meetings are about keeping people, i think, in line. we should point out that larry fink is on the treasury secretary short list. you know, i think this is jack lew's to lose, so to speak. that's what people say on wall street. if he's well in the budget negotiations, meaning, you know, basically, jamming most of the president's proposals down the republicans' throat, looks like he gets the job. that's where we are now. it's interesting watching wall street kiss up to the president on this. >> it is interesting. >> there is nobody, no economic perp i talked to who really thinks that this is the time to raise marginal taxes, even on the rich, the alleged rich, which really are not too rich if you live in new york and the coast, and not only that, but hits small businesses. you have a small business -- >> raises just enough to run the government for a week and a half or gets us closer to solving the problem. >>
>> washington. washington's south; right? >> of here. >> wall street's south of here too. >> but down, down there. the meetings are about keeping people, i think, in line. we should point out that larry fink is on the treasury secretary short list. you know, i think this is jack lew's to lose, so to speak. that's what people say on wall street. if he's well in the budget negotiations, meaning, you know, basically, jamming most of the president's proposals down the...
1,106
1.1K
Dec 20, 2012
12/12
by
FBC
tv
eye 1,106
favorite 0
quote 0
this is the core of what washington fight is about. we're spending so much more than we're taking in. he looks into that in great detail. lori: tracy byrnes and ashley webster with more good stuff as they guide you through the next hour of fox business. they talk with mark vitner, about the fiscal cliff, economy, markets, so much more so keep it here. tracy: good afternoon, i'm tracy byrnes. ashley: i'm ashley webster. house speak inbarer says plan b is getting its day before the house. boehner says both sides need to keep working to avoid the cliff. do you think? the white house says there is not much more president obama can do. we'll bring you the very latest of all this stalemate that goes on. tracy: i love when they say, time to get series. ashley: that was weeks ago. tracy: right. the new york stock exchange teamed up with rival intercontinental exchange to take on the future is it victory for machine over man? reaction from the floor of the nicely coming up. ashley: to really mess up they say takes a computer. research in motion
this is the core of what washington fight is about. we're spending so much more than we're taking in. he looks into that in great detail. lori: tracy byrnes and ashley webster with more good stuff as they guide you through the next hour of fox business. they talk with mark vitner, about the fiscal cliff, economy, markets, so much more so keep it here. tracy: good afternoon, i'm tracy byrnes. ashley: i'm ashley webster. house speak inbarer says plan b is getting its day before the house. boehner...
165
165
Dec 14, 2012
12/12
by
FBC
tv
eye 165
favorite 0
quote 0
do you think washington is ultimately going to get something done? >> no. i don't think anybody does. i think that's what most people are anticipating, what we have is what we're going to get and that will be it. >> what will happen to the market? >> market will probably say like this to drifting down lower. might get santa claus rally, lower. don't think it will be exceptional year. >> drifting. and not too great. right. drifting. it's never boring. we always have action. it back to you. ashley: pretty definite about what she thinks will happen. thank you very much. the market may be stalled, but the port of savannah in georgia is growing faster than any other in america. that is in thanks in part to the next, what used to be considered trash and poultry producers in that south, chicken feed. joining us, the man who runs the port of savannah, executive director of the georgian port authority. thank you, so much, for being here. we will get to it in a moment, but congratulations on being the fastest growing container port. how faster you growing and how are
do you think washington is ultimately going to get something done? >> no. i don't think anybody does. i think that's what most people are anticipating, what we have is what we're going to get and that will be it. >> what will happen to the market? >> market will probably say like this to drifting down lower. might get santa claus rally, lower. don't think it will be exceptional year. >> drifting. and not too great. right. drifting. it's never boring. we always have...
76
76
Dec 10, 2012
12/12
by
FBC
tv
eye 76
favorite 0
quote 0
peter barnes in washington. connell: groups of union workers expected to continue their protest against michigan becoming the nations 24th right to work state. dagen: we should point out, this just gives people the option of opting out from paying union dues. that is all that it does. the governor says he will not take on this divisive issue. low and behold, he is willing to sign it when it shows up on his desk. >> the governor did not want the kind of confrontation with unions, that, for instance, you saw in wisconsin. they put on a referendum on the november ballot saying we want to constitutionally banned the right of right to work. unions defeated the governor, one of the governor's favorite laws which is this emergency manager walt which he is trying to use to desperately save michigan cities that are desperately in trouble, including detroit. connell: he was forced, in your view. he maybe it would not have done it if it was not for that. >> the emergency managers law. connell: the idea that he is in suppor
peter barnes in washington. connell: groups of union workers expected to continue their protest against michigan becoming the nations 24th right to work state. dagen: we should point out, this just gives people the option of opting out from paying union dues. that is all that it does. the governor says he will not take on this divisive issue. low and behold, he is willing to sign it when it shows up on his desk. >> the governor did not want the kind of confrontation with unions, that, for...